PPP Loan Data — Spearmed Medical PLLC, Manvel, TX
Spearmed Medical PLLC
Entity: Limited Liability Company (LLC)
Location: Manvel, TXTweet This • Search All PPP Data
Spearmed Medical PLLC is a limited liability company (LLC) located in Manvel, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Spearmed Medical PLLC in Manvel, TX received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in July, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Spearmed Medical PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Spearmed Medical PLLC in Manvel, TX
* Full address is redacted to protect the privacy of individuals.
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Manvel
In the Manvel area, 2 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $44,550 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Mobile Dynamic Services
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 400% higher than Spearmed Medical PLLC's reported 1 employees, and received an average PPP loan of $38,577, 54% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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